Needs Well Inc., 16% Increase in Ordinary Profit, Update Record High for Thirteenth Consecutive Term

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Mon Nov 11, 2024 3:30 pm JST Earnings

3992 Needs Well Inc. 【J-GAAP】

Earnings Report

Needs Well Inc. <3992> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 6.4% from the previous period to 1.2 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 15.9% to 1.4 billion yen, marking the thirteenth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the thirteenth consecutive term of profit growth.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit decreased to 289 million yen, a 13.2% decrease compared to the same period last year. The operating profit margin decreased from 13.6% in the same period last year to 12.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	6,730	690	724	499	12.5	5	Nov 10, 2022	J-GAAP
Sep, 2023	8,761	1,100	1,135	837	21.3	6.75	Nov 9, 2023	J-GAAP
Sep, 2024	9,549	1,185	1,208	809	21.2	9	Nov 11, 2024	J-GAAP
YoY	+9.0%	+7.7%	+6.4%	-3.3%	-0.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	9,660	1,212	1,235	860	22.7	9	Aug 20, 2024	J-GAAP
Sep, 2024 Results	9,549	1,185	1,208	809	21.2	9	Nov 11, 2024	J-GAAP
Revision Rate	-1.1%	-2.2%	-2.2%	-5.9%	-6.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	4,826	697	711	509	13.3	0	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,100	712	712	490	12.9	0	Nov 11, 2024	J-GAAP
YoY	+5.7%	+2.2%	+0.1%	-3.7%	-2.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	8,761	1,100	1,135	837	21.3	6.75	Nov 9, 2023	J-GAAP
Sep, 2024	9,549	1,185	1,208	809	21.2	9	Nov 11, 2024	J-GAAP
Sep, 2025 Guidance	10,600	1,400	1,400	943	24.9	9	Nov 11, 2024	J-GAAP
YoY	+11.0%	+18.1%	+15.9%	+16.6%	+17.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,402	326	333	300	7.6	13.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,392	348	349	250	6.6	14.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	2,434	349	362	259	6.8	14.3	May 9, 2024	J-GAAP
Apr - Jun, 2024	2,342	198	208	153	4.0	8.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,381	290	289	147	3.8	12.2	Nov 11, 2024	J-GAAP
YoY	-0.9%	-11.0%	-13.2%	-51.0%	-49.7%